Oslo-based startup Kosli, which automates compliance in software delivery, has raised $10 million in a Series A funding round led by Deutsche Bank and Heavybit to transform software delivery governance.
- Established in 2019 by Mike Long and James Logan, Kosli develops automated compliance solutions to help enterprises, especially in regulated industries like finance, streamline governance, risk, and compliance (GRC) processes.
- Kosli removes governance bottlenecks by continuously recording software changes, automating compliance controls, and integrating with existing CI/CD pipelines. This allows teams to accelerate software delivery while ensuring security, transparency, and audit readiness.
Details of the deal
- The $10 million Series A round was led by Deutsche Bank’s CVC group, which invests in startups to drive innovation in financial services and helps them grow by providing business development and expert support.
“We are delighted to partner and collaborate with Kosli to drive our vision of a highly efficient, transparent, and secure software development lifecycle that empowers our engineers to focus on developing solutions for the bank’s clients," claims Martin Reeves, Engineering Platforms and Practice Lead at Deutsche Bank.
- The funding round also saw participation from San Francisco-based VC Heavybit, Defined Capital, California-based Transpose Platform, and angel investors.
“At Heavybit, we recognize the importance of being able to guarantee, in an era of AI-generated software, what software is running and when. We’re excited to support Kosli’s mission of delivering software more securely and with more accountability,” Managing Director at Heavybit, Tom Drummond, commented.
- The fresh capital will enable the startup to expand its presence in large financial institutions, grow its team across all departments, and enhance its technology to deliver more powerful governance automation capabilities for its customers.
